Union says STMicroelectronics considering French job cuts

PARIS, Sept 21 (Reuters) - A labour union at
STMicroelectronics said on Monday the Franco-Italian
company was considering a restructuring plan that could involve
laying off around 1,000 of its 1,100 French-based staff or a
sale of the DPG division they work in.

The CFE-CGC union, which discussed the matter with an
official at President Francois Hollande's offices on Friday,
released a copy of a letter it has sent to the French finance
ministry on the subject.

STMicroelectronics did not immediately respond to requests
for comment.

Group Chief Executive Carlo Bozotti said last May that
losses incurred by the DPG (Digital Product Group) division were
unacceptable. He said all options would be studied to sort out
the problem but did not at the time say a sale was among the
possibilities.